Australian data eyed

June 3, 2021

A host of data is scheduled for release today in what shapes up as a hectic one for markets.

The EURUSD opened the day at $1.22118 and lifted to a high of $1.22261 early. The pair fell from those highs, hitting a low of $1.21635 mid-session. It quickly rebounded and regained most of its earlier losses, closing at $1.22094, where it is currently trading. The GBPUSD began the day at $1.41476 and was steady early before slipping to lows of $1.41110 mid-session. Bouncing off those lows, the pound climbed to highs of $1.41829 a few hours later. It is now trading at $1.41726.

The Dow opened at 34,572.10 and quickly fell to a low of 34,505.54. Climbing off those lows, the Dow gradually gathered momentum and peaked at 34,714.19 late in the day. It has come off those highs and is now trading at 34,646.30. The Dax started the day at 15,561.49 and remained largely flat throughout. The German index crept up to a high of 15,630.49 before falling to lows of 15,548.30 an hour later. It regained some of those losses and remained steady for the rest of the session, closing at 15,595.99. It is now trading at 15,613.60.

The day ahead sees the publication of a stack of data, with Australia once again coming into focus. Retail Sales figures are tipped to show a growth of 1.1%, in line with the previous month.

Other data published today includes:

Australia – Trade Balance

China – Caixin Services PMI

UK – Final Services PMI, BoE Governor Andrew Bailey speaks

Europe – European, German and French Final Services PMIs, Italian and Spanish Services PMIs

US – Unemployment Claims, ADP Non-Farm Employment Change, ISM Services PMI, Crude Oil Inventories, Final Services PMI, Challenger Job Cuts, Revised Non-Farm Productivity, Revised Unit Labour Costs, Natural Gas Storage, FOMC Members Raphael Bostic and Randal Quarles speak


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